Emirates suspends flights to Sudan amid crackdown

Dubai: Emirates has suspended flights to and from Sudan following political unrest in the capital Khartoum. The carrier also said flights operated by the company’s code-share partner flydubai to and from Khartoum and Port Sudan stand cancelled. Meanwhile, Abu Dhabi-based Etihad said it was monitoring developments in Khartoum, and had delayed Tuesday’s flight for 24 […]

Trump ends India’s trade designation as a developing nation

Washington President Donald Trump terminated India’s designation as a developing nation under a trade program, eliminating an exception that allowed the country to export nearly 2,000 products to the US duty-free. “I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” Trump said […]

European shoppers hedge their bets on Huawei

London: The Trump administration may have found the most potent weapon yet in its campaign against Huawei Technologies Co. — the European consumer. The US spent months lobbying allies to block Huawei from 5G phone networks, with limited success. It’s been less than three weeks since President Donald Trump restricted the Chinese tech giant’s access […]

Indian rupee to get stronger on Modi win

Mumbai (Bloomberg) The Indian rupee could be set to gain as Prime Minister Narendra Modi’s election victory boosts foreign inflows. That may present a dilemma for India’s central bank. The currency rose 0.4 per cent to 69.4150 per dollar as of 9:35 am in Mumbai, adding to the 2.2 per cent gain of the past […]

Gold sticks to three-month high

London: Gold prices are hovering near a three-month high, as global slowdown worries driven by trade conflicts amid expectations of a US interest rate cut stoked investors towards the safe-haven bullion. Spot gold was at $1,323.81 per ounce early Tuesday after touching its highest since February 27 at $1,327.90 in the previous session. US gold […]